Newmont Co. (NYSE:NEM) COO Sells $386,010.00 in Stock

Newmont Co. (NYSE:NEM) COO Natascha Viljoen sold 9,000 shares of the business’s stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $42.89, for a total value of $386,010.00. Following the completion of the sale, the chief operating officer now owns 136,967 shares in the company, valued at approximately $5,874,514.63. The trade was a 6.17 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Natascha Viljoen also recently made the following trade(s):

• On Friday, January 10th, Natascha Viljoen sold 9,000 shares of Newmont stock. The stock was sold at an average price of $40.00, for a total transaction of $360,000.00.

Newmont Stock Up 3.8 %

Newmont stock traded up $1.63 during trading hours on Wednesday, hitting $44.98. 14,076,218 shares of the stock traded hands, compared to its average volume of 8,601,396. Newmont Co. has a one year low of $29.42 and a one year high of $58.72. The company has a market cap of $51.21 billion, a PE ratio of -29.59, a PEG ratio of 0.36 and a beta of 0.52. The firm’s 50-day moving average price is $40.29 and its two-hundred day moving average price is $46.55. The company has a current ratio of 1.96, a quick ratio of 1.73 and a debt-to-equity ratio of 0.30.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on NEM shares. The Goldman Sachs Group assumed coverage on Newmont in a research note on Monday, January 13th. They set a “buy” rating and a $47.20 price objective on the stock. CLSA began coverage on Newmont in a research note on Friday, November 29th. They issued an “underperform” rating on the stock. Raymond James cut their price objective on Newmont from $62.00 to $59.00 and set an “outperform” rating for the company in a report on Monday, November 25th. Bernstein Bank raised their price objective on Newmont from $55.00 to $58.00 in a report on Monday, November 11th. Finally, JPMorgan Chase & Co. upgraded shares of Newmont from a “neutral” rating to an “overweight” rating in a research report on Tuesday, November 19th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating, eight have given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, Newmont currently has an average rating of “Moderate Buy” and an average price target of $53.44.

Institutional Investors Weigh In On Newmont

Several hedge funds and other institutional investors have recently added to or reduced their stakes in NEM. Van ECK Associates Corp increased its stake in shares of Newmont by 1.6% in the 4th quarter. Van ECK Associates Corp now owns 49,747,598 shares of the basic materials company’s stock worth $1,851,606,000 after acquiring an additional 797,445 shares in the last quarter. Geode Capital Management LLC increased its stake in shares of Newmont by 1.4% during the third quarter. Geode Capital Management LLC now owns 23,484,382 shares of the basic materials company’s stock valued at $1,253,457,000 after purchasing an additional 326,243 shares in the last quarter. FMR LLC lifted its holdings in shares of Newmont by 21.1% during the third quarter. FMR LLC now owns 7,052,439 shares of the basic materials company’s stock valued at $376,953,000 after purchasing an additional 1,226,697 shares during the last quarter. Ninety One UK Ltd grew its stake in shares of Newmont by 27.5% in the fourth quarter. Ninety One UK Ltd now owns 3,456,456 shares of the basic materials company’s stock worth $128,649,000 after acquiring an additional 744,718 shares during the last quarter. Finally, Swiss National Bank increased its stake in Newmont by 0.3% during the 3rd quarter. Swiss National Bank now owns 3,422,605 shares of the basic materials company’s stock valued at $182,938,000 after purchasing an additional 9,500 shares in the last quarter. 68.85% of the stock is owned by hedge funds and other institutional investors.

Newmont Company Profile

Newmont Corporation engages in the production and exploration of gold. It also explores for copper, silver, zinc, and lead. The company has operations and/or assets in the United States, Canada, Mexico, Dominican Republic, Peru, Suriname, Argentina, Chile, Australia, Papua New Guinea, Ecuador, Fiji, and Ghana.